Surety Bond Guarantee Assistance

Forms and Documents

Document Name	Status

No forms / supporting documents in this ICR. Check IC Document Collections.

IC Document Collections

IC ID	Document Title	Status
184880	Surety Bond Guarantee Assistance	Modified

ICR Details

OMB Control No: 3245-0007	ICR Reference No: 200906-3245-001
Status: Historical Inactive	Previous ICR Reference No: 200805-3245-002
Agency/Subagency: SBA	Agency Tracking No:
Title: Surety Bond Guarantee Assistance
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 06/12/2009
OIRA Conclusion Action: Preapproved	Conclusion Date: 07/15/2009
	Date Received in OIRA: 06/05/2009
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2010	6 Months From Approved	09/30/2009
Responses	17,965	0	17,916
Time Burden (Hours)	2,001	0	1,959
Cost Burden (Dollars)	0	0	0

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Abstract: The Small Business Administration's (SBA) Surety Bond (SBG) Program was created to encourage surety companies to issue bonds for small contractors. The information collected on these forms is used to evaluate the eligibility of applicants for the program. Changes are being made to SBA Form 990, Surety Bond Guarantee Agreement, SBA Form 991, Surety Bond Guarantee Agreement Addendum, SBA Form 994, Application for Surety Bond Guarantee Assistance, SBA Form 994B, Surety Guarantee Underwriting Review, SBA Form 994F, Schedule of Work in Process, and SBA Form 994H, Default Report, Claim for Reimbursement& Records of Administrative Action. New SBA Form 994 R, Application for Surety Bond Guarantee Assistance - Rider,is being added. SBA is issuing Interim Final Rule, American Recovery and Reinvestment Act: Surety Bond Guarantees; Size Standards (RIN-3245-AF94) that will implement the SBG program changes resulting from the Recovery Act.

Emergency Justfication: The U.S. Small Business Administration is requesting approval on an emergency basis for this information collection. This information will be used in the implementation of changes to the Surety Bond Guarantee (SBG) Program that were authorized by Title V. Section 508 of the American Recovery and Reinvestment Act of 2009 (Recovery Act). Additional information is provided in the attached emergency request letter from Frank Lalumiere, Director, Office of Surety Guarantees

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Authorizing Statute(s): PL: Pub.L. 111 - 5 508 Name of Law: American Recovery and Reinvestment Act of 2009
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3245-AF94	Final or interim final rulemaking

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Surety Bond Guarantee Assistance	SBA FORM 994B, SBA FORM 994H, SBA Form 990 , SBA Form 990-Agent , SBA Form 991 , SBA FORM 994F, SBA Form 994, SBA Form 990-Contractor's , SBA Form 994R

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ICR Summary of Burden

	Total Request	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	17,965	17,916	0	49	0	0
Annual Time Burden (Hours)	2,001	1,959	0	42	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: Slight increase due to the additional information requested as a result of the Recovery Act.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Yes

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 06/05/2009

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